Endurance Specialty Holdings Preferred Shares, Series B Yield Pushes Past 7%

In trading on Wednesday, shares of Endurance Specialty Holdings Ltd's 7.50% Non-Cumulative Preferred Shares, Series B (NYSE: ENH.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $26.70 on the day. This compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ENH.PRB was trading at a 9.16% premium to its liquidation preference amount, v...